Micro Theory vs Reality: Baseball Edition

From James Kwak at Baseline Scenario: "No, No. It's Already Priced In. " That was undoubtedly the response of theoretical law and economics devotees to the premature retirement of Kansas City Royals pitcher Gil Meche a few weeks ago, which we discussed in one of my classes last week. Meche signed a five-year, $55 million, … Continue reading Micro Theory vs Reality: Baseball Edition